Sargent Investment Group LLC Sells 957 Shares of Exxon Mobil Co. (NYSE:XOM)

Sargent Investment Group LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,232 shares of the oil and gas company’s stock after selling 957 shares during the period. Sargent Investment Group LLC’s holdings in Exxon Mobil were worth $2,223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of XOM. Roberts Wealth Advisors LLC increased its holdings in Exxon Mobil by 1.0% during the 3rd quarter. Roberts Wealth Advisors LLC now owns 15,326 shares of the oil and gas company’s stock valued at $1,685,000 after purchasing an additional 148 shares in the last quarter. Argus Investors Counsel Inc. increased its stake in shares of Exxon Mobil by 1.5% in the third quarter. Argus Investors Counsel Inc. now owns 20,350 shares of the oil and gas company’s stock valued at $2,393,000 after buying an additional 300 shares in the last quarter. Summit Financial Group Inc. raised its holdings in shares of Exxon Mobil by 8.8% in the third quarter. Summit Financial Group Inc. now owns 49,361 shares of the oil and gas company’s stock valued at $5,804,000 after buying an additional 4,002 shares during the last quarter. S.E.E.D. Planning Group LLC raised its holdings in shares of Exxon Mobil by 90.0% in the third quarter. S.E.E.D. Planning Group LLC now owns 4,271 shares of the oil and gas company’s stock valued at $502,000 after buying an additional 2,023 shares during the last quarter. Finally, New Hampshire Trust grew its holdings in Exxon Mobil by 0.4% during the 3rd quarter. New Hampshire Trust now owns 49,111 shares of the oil and gas company’s stock worth $5,774,000 after acquiring an additional 191 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 2.8 %

Shares of Exxon Mobil stock traded down $3.37 on Friday, hitting $117.96. The company had a trading volume of 27,289,468 shares, compared to its average volume of 16,002,832. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The firm has a market capitalization of $466.92 billion, a P/E ratio of 14.46, a P/E/G ratio of 4.05 and a beta of 0.96. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The stock has a 50-day moving average of $113.33 and a 200-day moving average of $106.64.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same period last year, the business posted $2.83 EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. Research analysts predict that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on XOM. TD Cowen boosted their target price on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. Barclays initiated coverage on Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price for the company. Truist Financial upped their price target on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Mizuho reissued a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a report on Thursday, April 4th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.28.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.